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Alex Pietrangelo Buyout Results

A Alex Pietrangelo buyout spans 6 years, has a cost of $11,533,333 and savings of $5,766,667. Pietrangelo is 34 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $17,300,000 in salary remaining, the cost is $11,533,333, and the savings are $5,766,667. Buyouts span twice the length of the remaining years and because there are 3 years remaining in the contract, the buyout length is 6 years. The buyout cap hit is displayed in the Cap Hit Calculations table below.

Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2024$17,300,000$14,000,00036342/3$11,533,333$5,766,667$1,922,222
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT (Logo of the Vegas Golden KnightsVGK)
2024-25$4,500,000$8,800,000$8,000,000$1,922,222$9,922,222$2,577,778$6,222,222
2025-26$4,000,000$8,800,000$6,000,000$1,922,222$7,922,222$2,077,778$6,722,222
2026-27$8,800,000$8,800,000$0$1,922,222$1,922,222$6,877,778$1,922,222
2027-28$0$0$0$1,922,222$1,922,222-$1,922,222$1,922,222
2028-29$0$0$0$1,922,222$1,922,222-$1,922,222$1,922,222
2029-30$0$0$0$1,922,222$1,922,222-$1,922,222$1,922,222
TOTAL$17,300,000$26,400,000$14,000,000$11,533,333$25,533,333$5,766,667$20,633,332